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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?


To: If only I'd held who wrote (16739)10/11/2000 6:31:12 AM
From: Mike E.  Read Replies (1) | Respond to of 24256
 
Morning Greg.

Yea, looks like most of the NASDAQ is toast right now. The pendulum swings and since we swung to such extremes on the high side it seems it has a lot of momentum swinging back to the downside.

It's a lesson every day for me. At this point, since everybody is expecting capitulation on a grand scale, I wonder if we just don't make a "stealth turnaround" at some point that few see until the index has recovered a few hundred points. I don't think there are near as many retailers to capitulate this time as there were earlier this year.

Take care and good luck,

Mike